Bancolombia S.A. (2024)
| Signing Date | 11 Dec 2008 |
| Region of Headquarters: | Latin America |
| Current EPFI Reporting Year/Period: | 2024 |
| Institutional Reporting: | Link to Report |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 0
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 14
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 1 | ||
| Infrastructure | 4 | ||
| Oil & Gas | |||
| Power | 2 | 5 | |
| Others | 2 | ||
| Region | |||
| Americas | 6 | 8 | |
| Europe, Middle East & Africa | |||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 6 | 8 | |
| Both | |||
| Independent Review | |||
| Yes | 6 | 4 | |
| No | 4 | ||
| Totals | 6 | 8 | |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | PROYECTO FOTOVOLTAICO SHANGRI-LA | Power | Colombia | 2024 |
| 2 | PCH LA CHORRERA | Power | Colombia | 2024 |
| 3 | PARQUE SOLAR PUERTA DE ORO | Power | Colombia | 2024 |
| 4 | ESCOBAL 1 - 6 & CEMEX | Power | Colombia | 2024 |
| 5 | C2E, VALLEDUPAR 1 - 3 | Power | Colombia | 2024 |
| 6 | TRONCAL MAGDALENA 1 | Infrastructure | Colombia | 2024 |
| 7 | TRONCAL MAGDALENA 2 | Infrastructure | Colombia | 2024 |
| 8 | NUEVO CAUCA | Infrastructure | Colombia | 2024 |
| 9 | NUEVA MALLA VIAL DEL VALLE | Infrastructure | Colombia | 2024 |
| 10 | CARTAMA COMPARTIMENTO II | Others | Colombia | 2024 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 4
Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Implementation of the Equator Principles
At the Bancolombia Group, we are committed to sustainability in our processes and products, which is why we adhere to the following agreements: the Equator Principles, the United Nations Environment Program – UNEP-FI, the Dow Jones Sustainability Index, the Partnership for Carbon Accounting Financials – PCAF, integrates the standards defined by the “International Finance Corporation – IFC” and others that are applicable. With the above, we seek to promote sustainable economic development and contribute, as a financial actor, to the mitigation of the effects of climate change, promoting mitigation actions with accompanying decisions in the financing of industries intensive in greenhouse gas emissions.
Regarding Environmental and Social Risk Assessment, Bancolombia manages its internal processes and policies in line with the fourth version of the Equator Principles and its entire application framework. These policies include the description of those activities that require Environmental and Social Risk Analysis, environmental studies for the receipt of guarantees, preventing the risks associated with environmental liabilities in properties where activities sensitive to environmental impacts are carried out.
The Environmental and Social Risk Assessment in project finance and in ordinary operations includes the evaluation of the risks associate with Climate Change, Biodiversity, Human Rights, among others, in corporate loans, bridge loans and financial advisory, in the business units of Corporate Banking, Business Banking, SME Banking, Investment Banking and Leasing operations.
The criteria and parameters for risk categorization and structuring of environmental and social covenants are applied for each analysis using the tools generated by the Equator Principles and IFC Performance Standards, adjusted to the needs of local regulations, countries, and the region.
During 2024, in the four banks that conform the Bancolombia Group, 216 credit operations were evaluated through the Environmental and Social Risk Assessment process, covering a total portfolio of USD $6,599,256,943, distributed in the Corporate, Business and SME segments.